PA9-2 Calculating Fixed Manufacturing Overhead Spending, Volume Variances [LO 9-S1]

Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows

Quantity 6 lbs1.7O per lb .6 hrs 11 per hr. (Rate) Unit Cost S 2.72 17.60 1.76 Direct materials (clay) Direct labor Variable manufacturing overhead (based on 1.0 hrs. 1.1 per hr direct labor hours Fixed g overhead ($275.000 - 2.50 110,000 units) Barley Hopp had the following actual results last year: Number of units produced and sold Number of pounds of clay used Cost of clay Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost 115,000 198,200 S 317,120 60,000 $2.080,000 s 220,000 s 280,000 Required: 1. Calculate the foxed overhead spending variance for Barley Hopp. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable,"U" for unfavorable.) 2. Calculate the foxed overhead volume variance for Barley Hopp. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable,"U" for unfavorable.) 3. Calculate the total over- or underapplied fixed manufacturing overhead for Barley Hopp. (Do not round your intermediate calculations.) ed